Mutual Savings Association Advisory Committee, 64600-64601 [2013-25423]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 64600 Federal Register / Vol. 78, No. 209 / Tuesday, October 29, 2013 / Notices 2. If Pay for Success activities are added, should the CDFI Fund cap the amount of BEA Program awards related to these activities? If so, explain why and be specific regarding the amount in award dollars and/or percentage. 3. Would the addition of Pay for Success activities as an eligible Distressed Community Financing Activity incentivize financial institutions to increase the funding of Pay for Success activities? 4. Do financial institutions currently fund Pay for Success activities? If so, what are the attributes of the financial institutions? For example, are they predominately certified-CDFIs, community banks, minority depository institutions, small banks, large banks, etc.? D. Limitations on Loans or Investments to Certain Types of Businesses: The CDFI Fund is considering prohibiting loans or investments to certain types of businesses that otherwise meet other eligibility criteria from qualifying for the BEA Program. 1. Should the CDFI Fund prohibit loans or investments to certain types of businesses that otherwise meet other BEA Program eligibility requirements from qualifying for the BEA Program? For example, should the CDFI Fund consider a loan to a liquor store, gambling facility, etc. that otherwise meets other BEA Program eligibility requirements, an ineligible activity? If so, to which types of businesses should loans or investments be considered ineligible? If not, please provide a specific reason why not. Also, please discuss the positive or negative impact that loans or investments to these types of businesses may have on a Distressed Community. E. Award Size: The CDFI Fund has received feedback regarding the continued reduction in the maximum BEA Program award size. Over the past three years, appropriated funds for the BEA Program have decreased from $25 million in FY 2010 to approximately $17.1 million in FY 2013. The CDFI Fund has continued to make an effort to award as many Applicants as possible with available appropriations. In order to do so, the CDFI Fund has lowered the award cap in the last three BEA Program award rounds, reducing the maximum award amount an individual Applicant can receive. For example, in FY 2010 the BEA Program was appropriated $25 million and the award cap was $600,000. In FY 2011, the BEA Program was appropriated $22 million and the award cap was $500,000. In FY 2012, the BEA Program was appropriated $18 million and the award cap was VerDate Mar<15>2010 18:15 Oct 28, 2013 Jkt 232001 $415,000. The CDFI Fund is particularly interested in knowing how impactful BEA Program awards are to: community banks, certified CDFIs, minority depository institutions, and Small Banks based on CRA Asset Size Classification (assets of less than $296 million as of 12/31/2012). 1. How impactful are BEA Program awards to the recipient financial institutions? 2. Should the CDFI Fund consider making fewer, significantly larger awards? For example, with an appropriation of $18 million, the CDFI Fund could make 18 awards of $1 million each. 3. What other factors should the CDFI Fund consider regarding the size of BEA Program awards? 1. Should the CDFI Fund require Applicants to provide supporting documentation for loans or investments of less than $250,000? If so, what type of supporting documentation should be required? 2. Would lowering the threshold amount for requiring supporting documentation requirements significantly increase the burden on Applicants or result in any potential issues that the CDFI Fund may not have considered? 3. Should the supporting documentation requirements apply to every transaction, to only certain specific transaction types, or to transactions of a certain amount? III. Reporting and Supporting Documentation A. Worksheet 2: BEA Report of Transactions: The CDFI Fund requires BEA Applicants to complete and submit Worksheet 2: BEA Report of Transactions as part of the BEA application. Worksheet 2: BEA Report of Transactions captures the transaction data for the transactions an Applicant included in its application. The data currently captured is: (1) Name of Borrower/Investee/Service Provider; (2) Total Dollar Value or Amount of Transactions; (3) Amount Disbursed to Date; (4) Street Address; (5) City; (6) State; (7) Zip; (8) Census Tract; (9) Date of Execution; (10) Date of Initial Disbursement; (11) Date of Final Disbursement; (12) Type of Activity; and (13) Impact. In addition to the information currently captured, the CDFI Fund is considering adding two columns to Worksheet 2: BEA Report of Transactions: (1) Description of Business Financed; and (2) NAICS Code of the Business Financed. These two columns would only apply to loans or investments provided to businesses. 1. Would the addition of these columns significantly increase the burden on Applicants or result in any potential issues that the CDFI Fund may not have considered? 2. Should the supporting documentation requirements apply to every transaction, to only certain specific transaction types, or to transactions of a certain amount? B. Supporting Documentation Provided by Applicants: The CDFI Fund currently requires Applicants to provide supporting documentation for transactions greater than or equal to $250,000. The CDFI Fund is considering changing the supporting documentation requirements. A. General Feedback: The CDFI Fund would also like to obtain general feedback on the BEA Program and recognizes that there are other topics that may not have been addressed in the questions above, but that are important to consider. This information is especially important given that the BEA Program statute is over 12 years old and the Program regulations are over three years old. Please provide any general feedback on any aspect of the BEA Program, including but not limited to, program design, direction, impacts, performance measures, etc. PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 IV. Other Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713, 4717; 31 U.S.C. 321; 12 CFR part 1806. Dated: October 23, 2013. Donna J. Gambrell, Director, Community Development Financial Institutions Fund. [FR Doc. 2013–25622 Filed 10–28–13; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC–2013–0019] Mutual Savings Association Advisory Committee Department of the Treasury, Office of the Comptroller of the Currency. ACTION: Notice of Federal Advisory Committee Meeting. AGENCY: The Office of the Comptroller of the Currency (OCC) announces a meeting of the Mutual Savings Association Advisory Committee (MSAAC). SUMMARY: A public meeting of the MSAAC will be held on Monday, November 18, DATES: E:\FR\FM\29OCN1.SGM 29OCN1 Federal Register / Vol. 78, No. 209 / Tuesday, October 29, 2013 / Notices 2013, beginning at 1:00 p.m. Central Standard Time (CST). Members of the public may submit written statements to the MSAAC. The OCC must receive written statements no later than Friday, November 8, 2013. Members of the public who plan to attend the meeting, and members of the public who require auxiliary aid, should contact the OCC by 5:00 p.m. Eastern Standard Time (EST) on Friday, November 15, 2013, to inform the OCC of their desire to attend the meeting and to provide the information that will be required to facilitate aid. The November 18, 2013, meeting of the MSAAC will be held at the Crowne Plaza Chicago Metro, 733 West Madison, Chicago, IL 60661. Members of the public may submit written statements to MSAAC@ occ.treas.gov or by mailing them in triplicate to Donna Deale, Designated Federal Official, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. Members of the public who plan to attend the meeting should contact the OCC at MSAAC@occ.treas.gov or at 202– 649–5420 to inform the OCC of their desire to attend the meeting so that the OCC can make the necessary arrangements for seating. Attendees should provide their full name, email address, and organization. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Donna Deale, Deputy Comptroller for Thrift Supervision, (202) 649–5420, Office of the Comptroller of the Currency, Washington, DC 20219. By this notice, the OCC is announcing that the OCC MSAAC will convene a meeting on Monday, November 18, 2013, at the Crowne Plaza Chicago Metro, 733 West Madison, Chicago, IL 60661. The meeting is open to the public and will begin at 1:00 p.m. CST. The agenda includes a discussion of current topics of interest to the industry. The purpose of the meeting is for the MSAAC to advise the OCC on the regulatory changes or other steps the OCC may be able to take to ensure the continued health and viability of mutual savings associations and other issues of concern to the existing mutual savings associations. mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 18:15 Oct 28, 2013 Jkt 232001 Dated: October 22, 2013. Thomas J. Curry, Comptroller of the Currency. [FR Doc. 2013–25423 Filed 10–28–13; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service [REG–118412–10] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13(44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning the Interim Final Rules, Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act. DATES: Written comments should be received on or before December 30, 2013 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Kerry Dennis at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington DC 20224, or through the internet, at Kerry.Dennis@irs.gov SUPPLEMENTARY INFORMATION: Title: Interim Final Rules for Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act. OMB Number: 1545–2178. Regulation Project Number: REG– 118412–10. Abstract: This document contains interim final regulations implementing SUMMARY: PO 00000 Frm 00135 Fmt 4703 Sfmt 9990 64601 the rules for group health plans and health insurance coverage in the group and individual markets under provisions of the Patient Protection and Affordable Care Act regarding status as a grandfathered health plan. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 56,347,000. Estimated Total Annual Burden Hours: 323,000 Hours. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: October 18, 2013 Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–25581 Filed 10–28–13; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\29OCN1.SGM 29OCN1

Agencies

[Federal Register Volume 78, Number 209 (Tuesday, October 29, 2013)]
[Notices]
[Pages 64600-64601]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25423]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket ID OCC-2013-0019]


Mutual Savings Association Advisory Committee

AGENCY: Department of the Treasury, Office of the Comptroller of the 
Currency.

ACTION: Notice of Federal Advisory Committee Meeting.

-----------------------------------------------------------------------

SUMMARY: The Office of the Comptroller of the Currency (OCC) announces 
a meeting of the Mutual Savings Association Advisory Committee (MSAAC).

DATES: A public meeting of the MSAAC will be held on Monday, November 
18,

[[Page 64601]]

2013, beginning at 1:00 p.m. Central Standard Time (CST). Members of 
the public may submit written statements to the MSAAC. The OCC must 
receive written statements no later than Friday, November 8, 2013. 
Members of the public who plan to attend the meeting, and members of 
the public who require auxiliary aid, should contact the OCC by 5:00 
p.m. Eastern Standard Time (EST) on Friday, November 15, 2013, to 
inform the OCC of their desire to attend the meeting and to provide the 
information that will be required to facilitate aid.

ADDRESSES: The November 18, 2013, meeting of the MSAAC will be held at 
the Crowne Plaza Chicago Metro, 733 West Madison, Chicago, IL 60661. 
Members of the public may submit written statements to 
MSAAC@occ.treas.gov or by mailing them in triplicate to Donna Deale, 
Designated Federal Official, Office of the Comptroller of the Currency, 
400 7th Street SW., Washington, DC 20219. Members of the public who 
plan to attend the meeting should contact the OCC at 
MSAAC@occ.treas.gov or at 202-649-5420 to inform the OCC of their 
desire to attend the meeting so that the OCC can make the necessary 
arrangements for seating. Attendees should provide their full name, 
email address, and organization.

FOR FURTHER INFORMATION CONTACT: Donna Deale, Deputy Comptroller for 
Thrift Supervision, (202) 649-5420, Office of the Comptroller of the 
Currency, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: By this notice, the OCC is announcing that 
the OCC MSAAC will convene a meeting on Monday, November 18, 2013, at 
the Crowne Plaza Chicago Metro, 733 West Madison, Chicago, IL 60661. 
The meeting is open to the public and will begin at 1:00 p.m. CST. The 
agenda includes a discussion of current topics of interest to the 
industry. The purpose of the meeting is for the MSAAC to advise the OCC 
on the regulatory changes or other steps the OCC may be able to take to 
ensure the continued health and viability of mutual savings 
associations and other issues of concern to the existing mutual savings 
associations.

    Dated: October 22, 2013.
Thomas J. Curry,
Comptroller of the Currency.
[FR Doc. 2013-25423 Filed 10-28-13; 8:45 am]
BILLING CODE 4810-33-P

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